Question

What can lead to fewer errors in obtaining a 3-way match in the context of business operations?

A) Increased supplier negotiations
B) Streamlined procurement processes
C) Reduced quality control
D) Complex invoice approval procedures

Answer 1

Streamlined procurement processes can lead to fewer errors in obtaining a 3-way match in business operations.

Step-by-step explanation:

Streamlined procurement processes can lead to fewer errors in obtaining a 3-way match in the context of business operations. This involves ensuring that the procurement process is efficient and well-organized, reducing the chances of errors or discrepancies in matching invoices, purchase orders, and goods receipts.

For example, implementing digital procurement systems that automate the matching process can eliminate manual errors and improve accuracy.

Reduced quality control and complex invoice approval procedures, on the other hand, can increase the likelihood of errors and discrepancies in the 3-way match process.